I want to make sure I am quoting this correctly when referring to Dick Morris’ comment to Bill O’Reilly last night, citing what he called a “brilliant theory” (put forth by a Stephen “someone” whose last name I didn’t catch): Obama is the post-America president, sent by “the world”. More inferences followed in the actual exchange, but the [...]

When you have cooked the books of the US government and the banks that own it, when you have changed the fundamental FASB rules of accounting, when you have changed the means by which unemployment is calculated, when you conjur up phony stress tests in the name of CONfidence, when you have a stock market that [...]

These are two of Karl’s best posts ever! 1) Denninger rightly labels derivatives as unregulated insurance, and appropriately identifies “systemic risk” as counter party failure  (two observations we’ve been hammering at for months). 2) Denninger flips the proverbial bird to Wen Jaiboa, even as IMF puppet Obama sniffs Asian ass, bowing to Japan. You have to love a guy [...]

DAMN, it takes the mainstream media forever to spot reality. And FOX news isn’t exactly known for being part of the liberal left FANTASY agenda, but only TODAY they are reporting Geithner’s conspiracy with Wall Street, in the AIG/Goldman swindle??? This man is a CRIMINAL whose actions border on TREASON, as we (and many others linked [...]

Isn’t it amazing how everyone’s suddenly “going green”? Big corporations are spending lots of money on glitzy TV ads focusing on their environmental consiousness. Annual reports all feature company green initiatives. And that senile socialist, suspender-head Larry King, interviewing Al Gore, nods respectfully as Al (looking a lot more like a demonic Satyr than a jolly old elf [...]

Just like you hear about the shortage of H1N1 vaccine, but never hear the real details surrounding the manufacturers we depend on for it, where they are located, and in what amounts they are committed, there is a similar vaccume of missing facts regarding our presence in Afghanistan. We hear about “corruption” in Afghanistan, but [...]

It’s the not too distant future, sometime after 2009 but before 2013. As the insolvency of the oligarchical monetarist system continues to force bailouts of unregulated risk protection, financial disagreements over international contracts erupt. The continuing decline of the dollar begins to erode valuations, and arguments arise that collateral calls and counter party claims denominated in “pre–collapse” dollars skew the current [...]